QPR 'challenge legality' of Football League FFP regulations
- Published
QPR lasted just one season in the Premier League before being relegated
Queens Park Rangers revealed they have begun legal proceedings against the Football League, a day after being relegated from the Premier League.
The club say they are challenging "the legality of the Championship Financial Fair Play rules", which could leave them facing a fine of up to 拢58m.
Rangers said any charge for breaching the rules would not begin until the outcome of their challenge was known.
Their relegation was confirmed by Sunday's 6-0 loss at Manchester City.
In March, the club announced losses of 拢9.8m, but 拢60m worth of loans were written off by owner Tony Fernandes and other shareholders.
A failure to pay any fine imposed could see the London side being refused entry into the Championship.
Football League Financial Fair Play |
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Championship clubs were permitted losses of 拢8m (拢5m funded by shareholders) in 2013-14. |
Clubs promoted back to the Premier League who exceeded those losses are subject to a fine. |
There is a sliding scale on the next 拢10m of losses, with a maximum fine of 拢6.681m. |
Once losses exceed 拢18m, the fine is imposed on a strict pound-for-pound basis. |
Should there be an overall loss of 拢30m, the fine would be almost 拢19m. If it was 拢50m, the figure would be nearly 拢39m. |
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